Andina Capital Management LLC Lowers Stock Holdings in Alphabet Inc. $GOOG

Andina Capital Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 67.6% in the 1st quarter, HoldingsChannel reports. The firm owned 749 shares of the information services provider’s stock after selling 1,560 shares during the quarter. Andina Capital Management LLC’s holdings in Alphabet were worth $215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares during the last quarter. Worldquant Millennium Advisors LLC grew its position in Alphabet by 76.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock valued at $330,886,000 after acquiring an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Alphabet during the second quarter valued at approximately $658,000. Financial Advisors Network Inc. grew its position in Alphabet by 7.7% during the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock valued at $1,409,000 after acquiring an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of Alphabet by 10.7% during the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock worth $6,618,000 after acquiring an additional 3,616 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director directly owned 1,481 shares of the company’s stock, valued at $545,941.03. The trade was a 41.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 151,523 shares of company stock valued at $4,863,526. 12.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $435.00 price objective on shares of Alphabet in a report on Tuesday, June 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a report on Monday. TD Cowen lifted their target price on shares of Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Finally, Truist Financial set a $430.00 price target on shares of Alphabet in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average price target of $376.78.

Alphabet Price Performance

Shares of Alphabet stock opened at $342.19 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business’s 50 day simple moving average is $366.32 and its two-hundred day simple moving average is $331.92. The stock has a market capitalization of $4.15 trillion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. Alphabet Inc. has a one year low of $170.86 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.81 earnings per share. Analysts forecast that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 6.71%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet will join the Dow Jones Industrial Average on June 29, replacing Verizon. That index upgrade can lift demand from index funds and reinforces Alphabet’s status as a blue-chip tech leader. Alphabet replacing Verizon in Dow Jones Industrial Average index
• Positive Sentiment: Google Finance launched a major overhaul with a new Android app, global portfolio-tracking tools, AI features, and real-time market data, adding another consumer-facing product update to Alphabet’s ecosystem. Google Finance Debuts App and Investment Tracking Capabilities
• Neutral Sentiment: Alphabet was cited in a proposed AI Bubble Transparency Act that would increase reporting on AI-related financing exposure. This is more of a policy backdrop than an immediate earnings impact, but it highlights rising scrutiny around the AI sector. New Bill: Senator Elizabeth Warren introduces S. 4743: AI Bubble Transparency Act
• Negative Sentiment: Investor sentiment has been hurt by reports that two more top AI researchers are leaving Google for Anthropic, extending a wave of departures that raises questions about talent retention and Alphabet’s competitive position in AI. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Additional coverage says the AI talent exodus is continuing and that Gemini may be lagging rivals, which is fueling concern that Alphabet is losing momentum in one of its most important growth areas. AI researchers continue to leave Google for its rivals
• Negative Sentiment: Alphabet also faced a separate headline that Gemini 3.5 Pro’s release was delayed, adding to worries that product execution in AI is slipping while rivals move quickly. Alphabet Delays Release of Gemini 3.5 Pro AI Model

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.